Bounce Back Loan extension: When is the deadline to top-up a Bounce Back Loan?


“Businesses must not have currently borrowed the maximum of the 25 percent of annual turnover allowed and must be able to certify that the COVID-19 pandemic has affected their income.

“Also, there’s the Pay As you Grow Scheme which was announced – enabling the repayment to be over 10 years rather than the initial six years.

“In addition, you can move to interest-only or suspend payments for up to six months, which will be beneficial to some.”

The deadline to top-up a Bounce Back Loan is now January 31, 2021, and top-ups on Bounce Back Loans should be arranged with the lender.





READ SOURCE

READ  Super-rich call for higher taxes on wealthy to pay for Covid-19 recovery

LEAVE A REPLY

Please enter your comment!
Please enter your name here